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Accountancy Forum The Profession Accounting and Audit v
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Indirect Material Consumed

 
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Indirect Material Consumed
Jagz
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#1
11-22-2009, 03:25 AM
Hello..

If indirect material consumed/factory consumes is given without its opening and closing stock..Should we subtract it from Direct Material Used before adding it to Factory overheads..

Regards..
danishayub_76
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#2
11-24-2009, 01:28 PM
Indirect Materials consumption shows the actual consumption of FOH and will be added to prime cost.

regards,
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